Adesto Technologies Corp. (NASDAQ:IOTS) CFO Ron Shelton purchased 10,000 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were acquired at an average price of $2.04 per share, with a total value of $20,400.00. Following the purchase, the chief financial officer now owns 127,006 shares of the company’s stock, valued at $259,092.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ron Shelton also recently made the following trade(s):

  • On Tuesday, November 8th, Ron Shelton bought 15,000 shares of Adesto Technologies Corp. stock. The stock was purchased at an average price of $1.90 per share, with a total value of $28,500.00.

Shares of Adesto Technologies Corp. (NASDAQ:IOTS) opened at 1.70 on Monday. The firm’s market cap is $25.56 million. Adesto Technologies Corp. has a one year low of $1.50 and a one year high of $8.50. The company has a 50 day moving average of $2.14 and a 200-day moving average of $2.89.

Adesto Technologies Corp. (NASDAQ:IOTS) last announced its quarterly earnings results on Thursday, October 27th. The company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by $0.01. Adesto Technologies Corp. had a negative net margin of 30.26% and a negative return on equity of 53.89%. The company earned $11.20 million during the quarter, compared to analyst estimates of $11.03 million. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts expect that Adesto Technologies Corp. will post ($0.68) EPS for the current year.

A hedge fund recently raised its stake in Adesto Technologies Corp. stock. Gilder Gagnon Howe & Co. LLC increased its position in shares of Adesto Technologies Corp. (NASDAQ:IOTS) by 40.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,739,084 shares of the company’s stock after buying an additional 497,912 shares during the period. Gilder Gagnon Howe & Co. LLC owned approximately 11.61% of Adesto Technologies Corp. worth $5,704,000 at the end of the most recent quarter. 24.62% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on IOTS shares. Needham & Company LLC reiterated a “strong-buy” rating and issued a $4.00 target price (down previously from $6.00) on shares of Adesto Technologies Corp. in a research note on Tuesday, August 9th. Zacks Investment Research cut shares of Adesto Technologies Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 16th. Finally, Roth Capital started coverage on shares of Adesto Technologies Corp. in a research note on Thursday, September 1st. They issued a “buy” rating and a $4.00 target price for the company. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $6.60.

About Adesto Technologies Corp.

Adesto Technologies Corporation is a provider of application-specific and ultra-low power non-volatile memory products. The Company optimizes its non-volatile memory products for Internet of Things (IoT), applications, including current and next-generation Internet-connected devices in the consumer, industrial, medical and wearables markets.

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